Onion Prices Jump To Rs. 50-60 Per Kg; Set To Fall Soon, Assures Government

Onion Prices Jump To Rs. 50-60 Per Kg; Set To Fall Soon, Assures Government

Agriculture secretary S K Pattanayak said the onion prices will get corrected soon New Delhi: Retail onion price have risen to Rs. 50-60/kg in some parts of the country but the government said it is a “temporary phase” and the rates will cool...
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Bad loans and stressed assets in banks estimated at Rs 10 trillion

Bad loans and stressed assets in banks estimated at Rs 10 trillion

Bad loans and stressed assets in Indian banks are estimated at Rs 10 trillion ($153.49 billion), Chief Economic Adviser Arvind Subramanian said on Wednesday. India announced on Tuesday a Rs 2.11 trillion recapitalization plan for its state-owned banks over the...
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Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Key benchmark indices Sensex and Nifty were trading higher by up to 1% in late morning trade, pulling back from their life-time highs, as select banking, IT, auto and pharma stocks gained. The government on Tuesday announced various measures to spur...
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Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

New Delhi: Bajaj Holdings and Investment Ltd (BHIL) Tuesday reported a 19 per cent rise in its consolidated profit after tax (PAT) at Rs. 834 crore for the September quarter of the current fiscal. The company’s PAT in the corresponding...
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Direct tax collection grows 17.5% to Rs 2.24 lakh crore in April-August

Direct tax collection grows 17.5% to Rs 2.24 lakh crore in April-August

New Delhi Direct Tax collections in the first five months of the current fiscal grew 17.5% to Rs 2.24 lakh crore, mainly on account of income tax mop-up from individuals. This is 22.9% of the total budget estimates of direct taxes,...
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Demonetisation: RBI says 99% of banned Rs 500, Rs 1000 notes returned after PM Modi’s surprise move

Demonetisation: RBI says 99% of banned Rs 500, Rs 1000 notes returned after PM Modi’s surprise move

Indians returned almost all of the estimated Rs 15.4 lakh crore -15.5 lakh crore in high-currency bills removed from circulation in a shock move late last year, the Reserve Bank of India said in its annual report out on Wednesday....
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